Marsh & McLennan Companies Inc Stock Forecast
Marsh & McLennan Companies Inc stock downgraded from Buy Candidate to Sell Candidate after Monday trading session.
(Updated on May 06, 2024)
The Marsh & McLennan Companies Inc stock price gained 1.13% on the last trading day (Monday, 6th May 2024), rising from $199.27 to $201.52. During the last trading day the stock fluctuated 0.92% from a day low at $199.69 to a day high of $201.53. The price has risen in 6 of the last 10 days and is up by 0.04% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 85 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $204.76 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Marsh & McLennan Companies Inc stock with a 90% probability to be traded between $195.55 and $206.89 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MMC Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Marsh & McLennan Companies Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $201.96. On a fall, the stock will find some support from the short-term average at $199.40. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -0.440%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Marsh & McLennan Companies Inc stock
Marsh & McLennan Companies Inc finds support from accumulated volume at $201.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.84 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 1.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MMC) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Marsh & McLennan Companies Inc to open at $200.91, and during the day (based on 14 day Average True Range), to move between $198.79 and $204.25, which gives a possible trading interval of +/-$2.73 (+/-1.36%) up or down from last closing price. If Marsh & McLennan Companies Inc takes out the full calculated possible swing range there will be an estimated 2.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $201.73 (0.10%) than the support at $201.18 (0.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Marsh & McLennan Companies Inc stock A Buy?
Marsh & McLennan Companies Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.486 Sell Candidate Downgraded
Predicted Opening Price for Marsh & McLennan Companies Inc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $200.91 ( 0.301%) | $201.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MMC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 202.75 | 0.612 % | |
| R2 | 202.05 | 0.263 % | ||
| R1 | 201.62 | 0.0477 % | ||
| Current price: | 201.52 | |||
| Support | S1 | 200.21 | -0.650 % | |
| S2 | 199.78 | -0.87 % | ||
| S3 | 199.07 | -1.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 203.50 | 0.98 % | |
| R2 | 203.08 | 0.774 % | ||
| R1 | 201.73 | 0.104 % | ||
| Current price | 201.52 | |||
| Support | S1 | 201.18 | -0.169% | |
| S2 | 199.19 | -1.16% | ||
| S3 | 197.62 | -1.94% |
MMC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | May 15, 2024 | $0.710 | 0.352% |
| 2 | Jan 10, 2024 | Jan 25, 2024 | Feb 15, 2024 | $0.710 | 0.353% |
| 3 | Jan 10, 2024 | Jan 24, 2024 | Feb 15, 2024 | $0.710 | 0.353% |
| 4 | Sep 20, 2023 | Oct 06, 2023 | Nov 15, 2023 | $0.710 | 0.363% |
| 5 | Sep 20, 2023 | Oct 05, 2023 | Nov 15, 2023 | $0.710 | 0.363% |
FAQ
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